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GLOBEVISA  St. Kitts and Nevis
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Country Description

St. Kitts and Nevis is located in the northern Leeward Islands of the Caribbean, a twin-island country famed for its dormant and extinct volcanoes, its stretches of golden beaches, and its captivating history. It has been independent since 1983 and is a member of the United Nations (UN), the Organization of American States (OAS), the British Commonwealth, Caricom and many other international organizations. The official and business language is English. The economy is characterized by its dominant tourism, agriculture and light manufacturing industries. As tourism grows the demand for vacation property increases in conjunction. The workforce is well-educated, English-speaking and friendly. The Government grants tax breaks, guaranteed repatriation of profits and concessions on import duties. There are no income or capital gains taxes, no net wealth taxes and no inheritance or gift taxes in St. Kitts and Nevis. Extensive legislation has been introduced by the Government to attract financial services business to the island. St.Kitts allows foreigners to obtain the status of St. Kitts citizen by means of a government sponsored investment program called Citizenship-by-Investment, which is the world’s first-ever citizenship through investment without prior residence requirement. Established in 1984, St. Kitts' citizenship program is the oldest, most trusted and most successful economic citizenship program of this kind in the world.

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